Industrial
After blockbuster industrial sale, Bridge details what comes next in N.J.

After the sale of more than 3 million square feet of industrial space in New Jersey — part of a three-state, $700 million deal announced earlier this fall — Bridge Development Partners is well on its way toward refilling its pipeline in the Garden State. Jeff Milanaik, regional partner for Bridge, said the firm is under contract for a series of sites in northern and central New Jersey that could pave the way for another 6 million square feet of development activity.

Industrial
Game-changer: Amazon has been a driving force in surging N.J. distribution market

There’s no ignoring Amazon’s impact on the state’s industrial sector since early 2013, when the company committed to building its first New Jersey fulfillment center in Robbinsville. Not only has Amazon absorbed at least roughly 9 million square feet of warehouse and distribution space since that time. It quickly emboldened other pure e-commerce players that were hesitant to establish a footprint in New Jersey, amid concerns over having to collect sales tax from customers if they had a physical location here.

Industrial
Colliers: Demand outstripping supply as N.J. industrial sector continues torrid pace

Industrial leasing in northern and central New Jersey took a slight step back in the third quarter, but only because demand continues to outpace the amount of big-box space available in the market.

Government & Public Policy
Growing life sciences firms, Big Pharma giant offered EDA incentives

State officials have approved tax credits meant to help three pharmaceutical firms grow the industry’s footprint in New Jersey, while also dangling a nearly $40 million incentive to keep a global life sciences giant from pulling its U.S. headquarters out of the state.

Industrial
With new locations, Amazon growing N.J. presence by nearly 3 million sq. ft.

Amazon has formally unveiled plans for three new fulfillment centers in New Jersey, adding to what is already a sprawling footprint across the state’s industrial real estate market.

Office
NGKF: Northern, central N.J. office market slowed in Q4

The state’s office market took a step back in the fourth quarter of 2016, according to new industry research, as leasing activity slowed and several large blocks of space hit the market.

Industrial
N.J. industrial market stays hot heading into 2017, JLL says

Industrial leasing in New Jersey kept up its torrid pace through the end of 2016, capping off a year that saw occupancy gains of more than 10 million square feet.

Industrial
Sudler redeveloping office building as industrial complex

One of the largest office buildings in Central Jersey is being torn down to make way for two state-of-the-art distribution centers just off the New Jersey Turnpike.